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When Will Lending Club Cross $1 Billion?

by Peter Renton on October 8, 2012

Every time you visit Lending Club’s home page you can see the number: loans funded to date. As of this writing that number stands at just over $935 million. Considering that Lending Club did $77 million in new loans last month it is safe to say the $1 billion milestone will be passed some time in the next month. But what date exactly?

I thought it would be fun to run a little contest over the next week to see who can guess the exact date this will happen. The winner will receive some free Lending Club schwag that I acquired on a recent trip. All you need to do is leave a comment on what day you think they will cross over the $1 billion mark. If you are correct I will ship you my Lending Club gifts (a sports bag, t-shirt and pen). In the event that more than one person has it correct I will choose the winner randomly.

So have at it. You have until the end of the day next Monday (October 15th) to make your guess. Any guesses made after October 15th will not be eligible.

So just to be clear, there’s nothing in addition to the pen, sports bag & t-shirt?? So nothing that dictionary.com or urbandictionary.com defines as schwag?? I ask because there might be considerable additional interest in the contest if there were.

Seeing as how your response can be interpreted to be any November 2nd, whereas there are considerably fewer Friday November 2nd’s. So one can reasonably argue that I was referring to Friday, November 2nd, 2012. But a rational person looking at your response doesn’t know whether you were referring to November 2, 2013 or November 2, 2014. I think you wanted November 2, 2013. But we will never know, will we?

That’s good, though I do have reservations whether you can “reasonably argue that”. Damn, you must really want that T-shirt huh! Fine, but you do realize that companies order everything in X-Large right?